First Trust Advisors LP Lowers Stock Holdings in Vicor Co. (NASDAQ:VICR)

First Trust Advisors LP lessened its position in Vicor Co. (NASDAQ:VICR - Free Report) by 16.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,751 shares of the electronics maker's stock after selling 21,931 shares during the quarter. First Trust Advisors LP owned 0.25% of Vicor worth $5,400,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Vicor during the 4th quarter valued at about $140,000. Truist Financial Corp bought a new position in Vicor during the fourth quarter valued at approximately $213,000. Net Worth Advisory Group purchased a new position in shares of Vicor during the fourth quarter worth approximately $218,000. Savant Capital LLC purchased a new stake in shares of Vicor in the 4th quarter valued at $223,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Vicor in the 4th quarter valued at $227,000. Hedge funds and other institutional investors own 47.45% of the company's stock.

Insiders Place Their Bets

In other news, CAO Quentin A. Fendelet sold 440 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $61.71, for a total value of $27,152.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Claudio Tuozzolo sold 3,504 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $61.00, for a total transaction of $213,744.00. Following the transaction, the vice president now owns 34,622 shares in the company, valued at $2,111,942. This represents a 9.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,642 shares of company stock worth $477,070. 31.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently commented on VICR. StockNews.com cut shares of Vicor from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Craig Hallum upgraded Vicor from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Finally, Needham & Company LLC restated a "hold" rating on shares of Vicor in a report on Tuesday, February 18th.

Vicor Stock Performance

Shares of NASDAQ VICR traded down $0.03 during mid-day trading on Tuesday, hitting $40.40. The stock had a trading volume of 27,077 shares, compared to its average volume of 234,246. The business has a 50 day moving average price of $50.09 and a two-hundred day moving average price of $51.38. Vicor Co. has a 1 year low of $31.65 and a 1 year high of $65.70. The firm has a market cap of $1.83 billion, a P/E ratio of 78.11 and a beta of 1.79.

Vicor (NASDAQ:VICR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The electronics maker reported $0.06 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.23). The firm had revenue of $93.97 million for the quarter, compared to the consensus estimate of $96.63 million. Vicor had a net margin of 6.46% and a return on equity of 4.29%. The business's revenue was up 12.0% on a year-over-year basis. During the same period last year, the company posted $0.06 earnings per share.

Vicor Company Profile

Vicor Corporation, together with its subsidiaries, designs, develops, manufactures, and markets modular power components and power systems for converting electrical power in the United States, Europe, the Asia Pacific, and internationally. The company offers a range of brick-format DC-DC converters; complementary components provide AC line rectification, input filtering, power factor correction, and transient protection; and input and output voltage, and output power products, as well as electrical and mechanical accessories.